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Understanding your French Income Tax Return

0,00€

Category: Magazine

Description

Description

The tax authorities have been gradually sending out tax notices since 24th of July. Taxpayers who filed their returns
online should have received their tax
notice in their personal online space by the 7th August. For those who filed their returns by paper, the tax notices should have been delivered by 2nd of September.

This year saw the implementation of withholding tax at source (Prélèvement à la source) which changed a lot of things and perhaps made them even more confusing than in previous years. Here are the main points to understand on your tax return.

Business income is shown separately for each member of the household.This part of the document is made up of three lines which show:
• The salary received
• The default 10% deduction that is automatically applied to all employees, or the amount of actual expenses (for employees who chose that option).
• The net salary used by the tax office to calculate the income tax rate.

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